Filing Flows › PDF Solutions (PDFS) › Q4 2025
PDF Solutions (PDFS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
PDF Solutions (PDFS) reported revenue of $62.4M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +9% from the quarter before. Operating margin was 5.5%, net loss $48K (0.1% of revenue).
PDF Solutions, Q4 2025: revenue $62.4M (+25% year over year), operating margin 5.5%, net loss $48K, operating cash flow $17.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.4M | +9% | +25% |
| Operating profit | $3.5M | -28% | — |
| Net earnings | −$48K | -104% | — |
| Operating cash flow | $17.3M | +428% | +980% |
| Free cash flow | $7.5M | — | — |
What changed
Revenue was $62.4M in Q4 2025, up 25% year over year and up 9% from the previous quarter.
Gross margin was 72.9%, up 4.6 points from a year earlier. Operating profit was $3.5M, a 5.5% margin (up 4.5 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 1% margin then. Operating expenses grew 25% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+487%). The quarter ended with a net loss of $48K, after a profit of $1.3M the previous quarter. Net interest and other expense of $819K was the main reason.
Operating cash flow was $17.3M (up 980% year over year). Non-cash charges added back $1.4M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $9.1M. Capital expenditures of $9.8M left free cash flow of $7.5M.
Questions
What was PDF Solutions' revenue in the fourth quarter 2025?
PDF Solutions (PDFS) reported revenue of $62.4M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +9% from the quarter before.
Was PDF Solutions profitable in the fourth quarter 2025?
Operating profit was $3.5M (5.5% of revenue) and net loss $48K.
Source: PDF Solutions 10-K on SEC EDGAR.